SelectQuote (NYSE:SLQT) Shares Up 4.8% – Here’s Why

SelectQuote, Inc. (NYSE:SLQT)’s stock price was up 4.8% during mid-day trading on Wednesday . The company traded as high as $3.53 and last traded at $3.51. Approximately 194,542 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,003,106 shares. The stock had previously closed at $3.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum began coverage on SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective for the company.

SelectQuote Stock Up 7.2 %

The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The stock has a market cap of $615.70 million, a P/E ratio of -12.82 and a beta of 1.22. The company’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $2.89.

SelectQuote (NYSE:SLQT) last issued its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same period last year, the firm earned ($0.19) earnings per share. As a group, research analysts expect that SelectQuote, Inc. will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On SelectQuote

Several large investors have recently modified their holdings of the business. TFB Advisors LLC purchased a new position in SelectQuote during the second quarter valued at approximately $29,000. Mason Investment Advisory Services Inc. boosted its position in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after acquiring an additional 5,000 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of SelectQuote in the 3rd quarter valued at $123,000. Algert Global LLC raised its position in shares of SelectQuote by 147.1% in the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock worth $139,000 after acquiring an additional 30,019 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of SelectQuote during the 3rd quarter worth $150,000. Institutional investors own 34.59% of the company’s stock.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.